Clear Harbor Asset Management LLC Sells 2,300 Shares of Antero Resources Co. (NYSE:AR)

Clear Harbor Asset Management LLC cut its position in shares of Antero Resources Co. (NYSE:AR) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,595 shares of the oil and natural gas company’s stock after selling 2,300 shares during the period. Clear Harbor Asset Management LLC’s holdings in Antero Resources were worth $1,624,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AR. Captrust Financial Advisors boosted its stake in Antero Resources by 1.4% in the 3rd quarter. Captrust Financial Advisors now owns 30,771 shares of the oil and natural gas company’s stock valued at $939,000 after buying an additional 414 shares in the last quarter. Mariner LLC boosted its stake in Antero Resources by 4.1% in the 4th quarter. Mariner LLC now owns 10,688 shares of the oil and natural gas company’s stock valued at $331,000 after buying an additional 425 shares in the last quarter. AQR Capital Management LLC boosted its stake in Antero Resources by 0.8% in the 3rd quarter. AQR Capital Management LLC now owns 77,589 shares of the oil and natural gas company’s stock valued at $1,969,000 after buying an additional 578 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Antero Resources by 4.5% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 13,676 shares of the oil and natural gas company’s stock valued at $316,000 after buying an additional 595 shares in the last quarter. Finally, CWM LLC boosted its stake in Antero Resources by 33.9% in the 3rd quarter. CWM LLC now owns 2,990 shares of the oil and natural gas company’s stock valued at $76,000 after buying an additional 757 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors.

Insider Activity at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 232,293 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $25.85, for a total value of $6,004,774.05. Following the completion of the sale, the director now owns 3,000,000 shares in the company, valued at $77,550,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Antero Resources news, Director W Howard Keenan, Jr. sold 232,293 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $25.85, for a total value of $6,004,774.05. Following the completion of the sale, the director now directly owns 3,000,000 shares in the company, valued at $77,550,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sheri Pearce sold 28,009 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total value of $736,356.61. Following the completion of the sale, the insider now owns 106,698 shares of the company’s stock, valued at $2,805,090.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 467,280 shares of company stock worth $12,153,605. 5.95% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AR shares. Truist Financial boosted their price objective on Antero Resources from $27.00 to $28.00 and gave the stock a “hold” rating in a research note on Friday, February 16th. Mizuho boosted their price objective on Antero Resources from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. JPMorgan Chase & Co. boosted their price objective on Antero Resources from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday. Tudor, Pickering, Holt & Co. raised Antero Resources from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Wednesday, January 17th. Finally, Benchmark lowered Antero Resources from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Antero Resources has an average rating of “Hold” and an average target price of $29.18.

Antero Resources Trading Up 1.0 %

Shares of AR traded up $0.28 during trading hours on Thursday, hitting $29.00. 5,788,468 shares of the stock traded hands, compared to its average volume of 4,981,233. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.21. Antero Resources Co. has a 1-year low of $19.91 and a 1-year high of $30.90. The firm has a market capitalization of $8.80 billion, a PE ratio of 37.66 and a beta of 3.30. The business has a fifty day moving average of $24.48 and a 200-day moving average of $24.80.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, February 14th. The oil and natural gas company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. Antero Resources had a return on equity of 2.10% and a net margin of 5.19%. Analysts expect that Antero Resources Co. will post 0.66 EPS for the current year.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.